CFPB Monitor

OCTOBER 9, 2015

Community Bank of Raymore. Notably, the CFPB joined in an amicus brief filed by the United States in support of Regulation B’s definition of “applicant,” which includes guarantors. Earlier this week the Supreme Court heard oral arguments in the case of Hawkins v.

United States 60

United States Community Bank Community Regulation 60

Independent Banker

SEPTEMBER 21, 2015

Under the right circumstances, providing residential mortgages that fall outside of the new federal Qualified Mortgage definition could help a community bank grow its lending, some community bankers say. a $613 million-asset community bank serving central and northern Wisconsin that engages in non-QM lending.

Community Bank 70

Community Bank Lending Community Survey 70

Independent Banker

AUGUST 25, 2016

The result will be more Bank Secrecy Act/anti-money laundering information collection and recordkeeping for community banks, says Lilly Thomas, ICBA vice president and senior regulatory counsel. New definitions. The customer due-diligence rules also adopt a few new definitions. CFPB Updates. Servicing Rules.

Compliance 70

Compliance Community Bank Training Virginia 70

Independent Banker

OCTOBER 24, 2016

Specifically, on behalf of community banks nationwide, the association has asked a federal court to invalidate the NCUA’s member business lending rules set to take effect in January. In the process, however, the regulation also tramples upon consumers, taxpayers, the financial system and the integrity of responsible government.

Community Bank 70

Community Bank Community Lending Regulation 70

CFPB Monitor

JUNE 11, 2015

Community Bank of Raymore , the case in which the question before the U.S. The Eighth Circuit ruled that Regulation B’s definition of “applicant,” which includes a guarantor, was not entitled to deference because it contradicted the ECOA’s unambiguous text.

Regulation 60

Regulation Community Bank Community Company 60

Independent Banker

DECEMBER 28, 2015

Outsized regulation shapes the business climate and decisions. Far more than any other issue, regulatory compliance is the biggest challenge community bankers experienced in 2015, with 43 percent naming it as such in ICBA’s State of the Community Banking Industry survey. By Denise Logeland. And Center, N.D.,

North Dakota 70

North Dakota Community Bank Community Compliance 70

Independent Banker

DECEMBER 29, 2015

Of course, Basel III—otherwise known as the Third Basel Accord—is a global regulatory framework on bank capital adequacy, stress testing and market liquidity risk. Most concerning has been the safety-and-soundness regulation’s unnecessary effect on reducing certain lending by community banks, say Kendrick and several community bankers.

Community Bank 70

Community Bank Community Capital Lending 70

CFPB Monitor

AUGUST 21, 2018

The Treasury suggests that federal banking regulators take action to resolve this ambiguity. Other financial regulators should support data aggregation. Data security addressed by GLBA Safeguards Rule. On September 20, 2018, from 12 p.m. to 1 p.m.

Data 84

Data Report Regulation Security 84

Independent Banker

SEPTEMBER 21, 2015

Through hard work in the programs, she earned certifications as a Certified Community Bank Compliance Officer, a Certified Bank Secrecy Act/Anti-Money Laundering Professional, and a Certified Community Bank Internal Auditor. I’m a better compliance officer because of those programs,” she says. “I

Compliance 70

Compliance Community Bank Community Training 70

Jeff For Banks

NOVEMBER 7, 2015

Me to a community banker: Why don't you offer more options than real estate secured lending to help fund early stage businesses? Banker: Because that's not community banking. I've been in this business over 20 years and still don't know the definition of community banking. I've got news for you.

Community Bank 60

Community Bank Community Baltimore Lending 60

Independent Banker

AUGUST 26, 2015

Today, many community banks are exploring how to “go paperless”—whether for cost reasons, a better customer experience or a deliberate outreach to a younger, technology-oriented demographic. Easier access and affordability of digital signature creates an opportunity for growth-oriented, competitive community banks.

Community Bank 70

Community Bank Minneapolis Community Online 70

PYMNTS

OCTOBER 18, 2017

explained there is wide variation in the definition of innovation. What of regulation? With a more modern and agile IT infrastructure in place, a small bank can examine how to manage compliance while fostering better user experiences in a low-cost operating environment, Wain explained.

Innovation 140

Innovation Compliance Community Bank Strategy 140

Independent Banker

DECEMBER 13, 2015

New Military Lending Act regulations kick in next fall. The rule’s definition includes servicemembers on active duty under a call or order that specifies a service period longer than 30 days. Transactions not covered by Regulation Z are excluded from coverage under the rule. By Mary Thorson Wright. Beginning Oct.

Lending 70

Lending Compliance Regulation Virginia 70

Abrigo

APRIL 15, 2022

At a reasonable cost” is the key to this definition. Regulators expect that for institutions to maintain adequate levels of liquidity, banks and credit unions must be able to meet both expected and unexpected cash flow and collateral needs without adversely affecting daily operations or financial performance.

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Management Meeting Risk Management Operations 195

Independent Banker

JANUARY 28, 2016

Lilly Thomas, ICBA’s vice president–senior regulatory counsel, talked with Independent Banker about what impact the high court’s ruling could have on the fair lending examinations for community banks in the year ahead. Thomas: Definitely. IB: How could fair lending exams change as a result of the Supreme Court’s ruling?

Policies 70

Policies Lending Community Analysis 70

Independent Banker

JULY 28, 2016

The demands of managing regulatory compliance are uncontested, and depending on the disposition of the participants inside and outside of the bank, compliance management exists with varying degrees of problems and adversity. Just how can your community bank do all of those things? What agency is our prudential federal regulator?

Compliance 70

Compliance Training Community Bank Regulation 70

Celent Banking

MARCH 16, 2015

With interest rates low and new regulations following the financial crisis, banks are running incredibly thin margins, and traditional revenue sources are no longer viable. Community banks differentiating from large institutions : This was a common thread running throughout the presentations.

Conference 100

Conference Retail Community Bank Community 100

Independent Banker

OCTOBER 14, 2014

When Community Bank of Bergen County unveiled its online mortgage hub this summer, the bank put “ease of use” at the top of its goals for the site, says President and CEO Peter Michelotti. “I Sam Vallandingham, president and CEO of The First State Bank in Barboursville, W.Va., Hubs of Opportunity. By Elizabeth Judd.

Community Bank 70

Community Bank Lending Community Oklahoma City 70

CFPB Monitor

MARCH 26, 2015

In the letter, the ABA makes the following key comments: Additional clarity is needed in the definition of the term “prepaid account” to avoid banks being subject to second-guessing by examiners and plaintiffs’ attorneys.

Cards 60

Cards Compliance Community Bank Operations 60

PYMNTS

JANUARY 31, 2019

is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its approval for MOXY Bank to launch in Washington, D.C. With clearance to move forward with its plans, the community banking landscape will see its first new industry player in years.

Community Bank 122

Community Bank Community FDIC Marketing 122

Independent Banker

JANUARY 31, 2023

Illustration by Jozefmicic/Adobe The CFPB recently issued new guidance on overdraft fees that was unanticipated by community banks. Learn what this means for the industry and how community banks can stay in compliance. In March 2022, the CFPB noted in its blog that “overdraft fees can price people out of banking.”

Community Bank 91

Community Bank Community Compliance Regulation 91

Jeff For Banks

APRIL 25, 2014

This all comes with fewer banks than there were in 2007. Investment bankers will tell you the definitive answer, which is of course their opinion. of Ocala, Florida on the bank''s sale to Heritage Financial Group, Inc. ." - Loralee Hutchinson, President of Alarion Financial Services, Inc. What is driving deal volume?

Community 95

Community New York Indiana Connecticut 95

Abrigo

DECEMBER 16, 2019

Regulators, investors, and other stakeholders will be watching and listening for updates on the impacts of the accounting change. Even now, however, banks and credit unions with 2023 deadlines are seeking information about what the earliest adopters have learned so far in their implementation efforts. Be willing to change as needed. .

West Virginia 195

West Virginia Virginia Data Community 195

Jeff For Banks

JULY 27, 2011

The context was a discussion surrounding how community banks used to pilfer previously trained employees of large banks. Once those training programs went away, community banks never filled the void. jfb note: This fund focuses on under $10B in assets community banks. It may not agree with yours.

Training 73

Training Community Bank Community ATM 73

Independent Banker

MARCH 15, 2015

It was a prescient move for Hartings and the $450 million-asset community bank, which comfortably weathered the downturn even though residential mortgages are its biggest business line—but not everyone appreciated Hartings’ common-sense approach at the time. Jack got us through that just fine. Jack got us through that just fine.

Ohio 70

Ohio Community Bank Community Lending 70

Gonzobanker

MARCH 13, 2018

As many community banks focus on growing their commercial lending businesses, many are embarking on transformation initiatives to improve their capabilities and competitiveness. Best practices call for active user engagement not only in business requirements definition, but also in user interface design.

Lending 60

Lending Technology User Experience Data 60

Social Assurance

JULY 31, 2020

The new Community Reinvestment Act regulations from the OCC have been released! We’ve spoken previously about the key deadlines for compliance and how your financial brand can be the spark for engagement in your community. One of the central planks of the new final rule is to remove ambiguity.

Community 15

Community Compliance Meeting Branding 15

South State Correspondent

JUNE 27, 2023

It’s a way for banks to speak with each other, and it started to be phased in during the first quarter of this year with the goal of a complete conversion by 2025. While this is mostly the domain of large banks, there are three reasons why your community bank should consider adopting this language to increase future bank performance.

System 195

System Data Examples Payments 195

Independent Banker

NOVEMBER 30, 2021

Many hotels and other hospitality businesses haven’t fully bounced back from COVID-19 travel and safety restrictions, but community banks have been by their side through the challenges. billion-asset MainStreet Bank in Fairfax, Va. The bank also helped hotel operators obtain Paycheck Protection Program (PPP) loans.

Community Bank 209

Community Bank Community Texas Dallas 209

Abrigo

SEPTEMBER 14, 2022

In 2011, the CFPB interpreted Section 1071 to mean that obligations for financial institutions to collect, maintain, and submit data “do not arise until the [CFPB] issues implementing regulations and those regulations take effect.” Those implementing regulations were coming. Lending Regulation. Lending Regulation.

Lending 195

Lending Data Regulation Community 195

Gonzobanker

DECEMBER 22, 2015

Community bank marketing resources. With market opportunity heating up and big bank and big credit union competitors hitting hard, too many community banks lack marketing resources … or they have 2X more spending in sponsorships than the campaigns, analytics and digital sales improvements that actually bring in new business.

Community Bank 60

Community Bank Apple Community Technology 60

FICO

MAY 6, 2020

The Piedmont Bank’s policy is “first come, first serve.” We will soon see who wins this race between community banks and big banks. Greg and the lending team at The Piedmont Bank are watching an SBA educational webinar when the host announces that the PPP application is available online. How do I calculate salary?

Community 52

Community Community Bank Lending System 52

Abrigo

JULY 23, 2021

The regulations are forthcoming, but institutions now should begin the process of performing a threat-focused risk assessment which will guide them where to focus their efforts. It is a concept that we have all heard of, however, the concept remains somewhat of a mystery in the community bank world. BSA Rules and Regulation.

National 195

National Training United States Regulation 195

PYMNTS

APRIL 9, 2016

Jamie Dimon, on the other hand, clearly has a definitive opinion and clearly rather wishes that big banks — like the one he is CEO of at JPMC — were not quite so widely considered the economic system’s go-to villain. “In financial services industry does not conform to simple narratives. So then the argument broke out.

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Regulation Lending Omaha America 100

CFPB Monitor

OCTOBER 13, 2020

Supporters point out the Proposed Rule would result in strong and consistent supervision of bank-fintech partnerships across the country, ensuring fairness and compliance with applicable laws, and note the Proposed Rule would keep the costs of credit down and encourage innovation.

Lending 60

Lending Colorado FDIC National 60